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Attention Property Managers, Building owners and Strata Council Members.


BCCondos.net, the largest and most comprehensive online source of strata building information in B.C., is pleased to announce that it is partnering with Titan Enersave, a Burnaby based LED lighting consultancy, to provide residential strata owners and property managers with an array of complementary value-added services as well as significant revenue generating and cost saving opportunities, which include:

- Complementary energy audit and LED lighting upgrade proposal by a dedicated team of lighting professionals and financial experts, and an opportunity to reduce BC Hydro energy and building maintenance costs by over 40% per year.

- A unique website building page on BCCondos.net which will be password protected and may be used for posting notices, emergency announcements, minutes, current events, etc. Only the strata building owners would have access to this private section. At no cost.

- A document archive system for floor plans, strata minutes, Depreciation & Engineering reports, budgets, repairs history, etc, all password protected. A priceless feature to have. At no cost.

- Individual strata owners will be able to post rentals of their units on the main page which can be viewed by the general public. At no cost.

- A unique opportunity for strata corporations to earn income averaging $15,000 to $30,000 per year. At no cost

-Enjoy the benefits of association with BCCondos.net which has 11,000+ strata building pages online and over 15,000 unique visitors to the website each day, and growing fast.

Click here to see more details.

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ii) The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

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You are here: BC > Duncan
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Building Realtor
Les Twarog Sonja Pedersen
604-671-7000, les@6717000.com
Total Strata Buildings:- 41

Duncan Apartments for Rent

Victoria Real Estate Board Update

Victoria Real Estate Market Continues to Stabilize

 

October 1, 2018  A total of 533 properties sold in the Victoria Real Estate Board region this September, 16.7 per cent fewer than the 640 properties sold in September of last year, and a 10.3 per cent decrease from August 2018. Sales of condominiums were down 30.4 per cent from last year in September with 149 units sold. Sales of single family homes were down 9.2 per cent from 2017 with 285 sold this September.

"This year's housing market has continued to behave as we've expected, moderating after the record setting pace of 2016 and adjusting to various government measures such as tightening mortgage qualification rules that were intended to cool the market," says Victoria Real Estate Board President Kyle Kerr. "We continue to see a reduction in sales when we compare to recent years and prices stabilizing across the market, with some variation in value in niche, higher end homes."

There were a total of 2,646 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2018, an increase of 5 per cent compared to the month of August and 33.9 per cent more than the 1,976 active listings for sale at the end of September 2017.

"If you are considering buying or selling a home, you need to understand your local market, particularly in the context of your property type and price point," adds President Kerr. "Micro markets in our area behave very differently as they are influenced by different pressures. The under $800,000 housing market in some areas is under tremendous pressure as many buyers compete for these homes. The multimillion-dollar market in other areas is currently experiencing less pressure and we can see price flexibility coming into play in the 1.5 million dollar plus market. And although we saw a bump in inventory at the start the year, those inventory levels have stabilized as well. So buyers still face a market with much less inventory available than the historical average. Your local REALTOR® can help you understand the best way forward for your selling or buying plans based on current and granular data and market insights."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2017 was $832,000, while the benchmark value for the same home in September 2018 increased by 6.2 per cent to $883,700, slightly lower than August's value of $888,300. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2017 was $457,700, while the benchmark value for the same condominium in September 2018 increased by 9.9 per cent to $503,000, exactly the same as August's value.

About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,379 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.

View our press release and summary here.
View our complete statistical package here.

For More Information

 

Victoria Real Estate Board
Denise Hogue, Communications Manager

Phone: 250-920-4652

 

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Frank Rudge October 2017 VREB Report

Frank Rudge Victoria Market Report for May 2017

Sales were down 22% for may over last year. Listings are up 12% from last year.
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